Sunday, 18 October 2015

If this bearish view is correct then we need to reverse soon at or below horizontal resistance. I am inclined to say 6400 is the big level but we could push a little higher.....above 6500 I would have to rethink.

here is the same chart plotted for calendar days rather than trading days,the angles seem to work better

Tuesday, 13 October 2015

"In what is being described as the largest German protest in recent
years, hundreds of thousands of enraged citizens descended upon Berlin
over the weekend to voice their collective displeasure at
the government’s attempt to consolidate corporate dictatorship by
passing a democracy killing agreement being marketed as a “free trade”
deal, known as the Transatlantic Trade and Investment Partnership
(TTIP).
The TTIP is basically the TPP but between the U.S. and Europe as
opposed to the U.S. and Asia and parts of Latin America. Like the TPP,
it further consolidates corporate power, destroys consumer protections
and has been negotiated entirely in secret"

Sunday, 4 October 2015

"Russian warplanes have been targeting rebels trained by the U.S. Central
Intelligence Agency exposing US policy placing Moscow and Washington on
opposing sides in a Middle East conflict for the first time since the
Cold War. This should be a great concern because whatever has been the
focus on the precise day of the ECM is what becomes the important event.
As the economy in Russia turns down, the government needs a distraction
and this is it. We will see the same trend emerge in the USA when the
economy turns down for war is necessary to distract the people from the
non-establishment candidates for 2016 and the social defaults as well as
the need to raise taxes for war."